January 20, 2013
Morgan Stanley swings back to profit
US bank Morgan Stanley has said it swung back to profit in the fourth quarter of 2012, a turnaround it described as a "pivot point". It reported a net profit of $481m (£302m) in the last three months of the year, compared to a loss of $275m in the…
January 20, 2013
China growth shows signs of pick-up from 13-year low
China's economy, the world's second largest, is showing signs of a rebound that could help it emerge from its worst economic period in 13 years. According to the latest government figures, growth picked up to 7.9% in the final three months of 2012,…
January 20, 2013
Algeria oil industry: ‘Dark cloud’ over production
The situation with oil workers taken hostage in Algeria puts a "dark cloud" over the country's production, an international energy body has said. Several hostages have been killed. The International Energy Agency said that "political risk writ…
January 20, 2013
‘Wrong’ maple leaf on Canadian banknotes
Canada's new plastic banknotes feature Norway maple leaves, instead of the Canadian sugar maple leaf, according to botanists. They argue the leaf shown features more sections and has a more pointed outline than the Canadian version. The maple leaf…
January 20, 2013
Inauguration Day: Obama sworn in for second term
Barack Obama has officially been sworn in for his second term as US president in a small ceremony at the White House. Mr Obama took the oath in the Blue Room to meet the 20 January date set out in the US Constitution. Given this fell on a Sunday, a…
January 20, 2013
Algeria Says Militants Captured, More Bodies Found at Gas Complex
Algerian security officials say a search of a desert gas complex raided by Islamists last week has led to the capture of several militants and the discovery of 25 more bodies, indicating the four-day hostage crisis was much deadlier than first…
January 20, 2013
Rebels Accuse Burma Army of Ignoring Cease-Fire Order
Ethnic Kachin rebels in northern Burma say government troops are ignoring a cease-fire order that was supposed to go into effect Saturday. President Thein Sein issued the order Friday to troops in northeastern Kachin state near the border with…
January 20, 2013
3 Killed in Yemen Drone Strike
Officials in central Yemen say a drone strike has killed at least three militants. Authorities said Sunday missiles fired from the unmanned aircraft successfully targeted a car, killing the suspected members of al-Qaida in the Arabian Peninsula. One…
January 15, 2013
Fitch warns of risk to UK’s AAA credit rating
The UK continues to risk losing its top AAA credit rating if it does not reduce its debt, a senior figure at Fitch Ratings has told the BBC. David Riley reiterated that Fitch was unhappy that the chancellor said in the Autumn Statement that the…
January 15, 2013
T&T economy has improved
Central Bank Governor Jwala Rambarran remained mum yesterday about whether Government’s declining approval ratings could affect economic confidence, but he was heartened to see a positive public perception that the local economy has improved.…